Insider Buying: Byline Bancorp, Inc. (NYSE:BY) Director Buys $10,725.75 in Stock

Byline Bancorp, Inc. (NYSE:BYGet Free Report) Director Mary Jo S. Herseth bought 525 shares of Byline Bancorp stock in a transaction dated Wednesday, February 7th. The shares were acquired at an average cost of $20.43 per share, with a total value of $10,725.75. Following the completion of the purchase, the director now owns 16,232 shares in the company, valued at $331,619.76. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Byline Bancorp Stock Performance

NYSE BY opened at $20.80 on Monday. The business has a fifty day moving average price of $22.62 and a 200 day moving average price of $21.17. Byline Bancorp, Inc. has a one year low of $16.40 and a one year high of $25.43. The company has a market cap of $909.31 million, a P/E ratio of 7.79 and a beta of 1.16.

Byline Bancorp Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Tuesday, February 6th will be paid a $0.09 dividend. This represents a $0.36 annualized dividend and a yield of 1.73%. The ex-dividend date is Monday, February 5th. Byline Bancorp’s dividend payout ratio is currently 13.48%.

Wall Street Analysts Forecast Growth

Separately, Piper Sandler upped their target price on Byline Bancorp from $27.00 to $28.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 30th.

Get Our Latest Stock Analysis on Byline Bancorp

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in BY. Lazard Asset Management LLC purchased a new stake in Byline Bancorp in the 2nd quarter valued at $29,000. Citigroup Inc. grew its holdings in Byline Bancorp by 277.9% in the 1st quarter. Citigroup Inc. now owns 3,265 shares of the company’s stock valued at $71,000 after buying an additional 2,401 shares in the last quarter. Quantbot Technologies LP grew its holdings in Byline Bancorp by 24.7% in the 3rd quarter. Quantbot Technologies LP now owns 3,831 shares of the company’s stock valued at $76,000 after buying an additional 759 shares in the last quarter. Royal Bank of Canada grew its holdings in Byline Bancorp by 180.9% in the 2nd quarter. Royal Bank of Canada now owns 4,182 shares of the company’s stock valued at $76,000 after buying an additional 2,693 shares in the last quarter. Finally, Wells Fargo & Company MN grew its holdings in Byline Bancorp by 77.2% in the 2nd quarter. Wells Fargo & Company MN now owns 9,590 shares of the company’s stock valued at $173,000 after buying an additional 4,177 shares in the last quarter. 41.12% of the stock is owned by institutional investors and hedge funds.

Byline Bancorp Company Profile

(Get Free Report)

Byline Bancorp, Inc operates as the bank holding company for Byline Bank that provides various banking products and services for small and medium sized businesses, commercial real estate and financial sponsors, and consumers in the United States. It offers various retail deposit products, including non-interest-bearing accounts, money market demand accounts, savings accounts, interest-bearing checking accounts, and time deposits; ATM and debit cards; and online, mobile, and text banking services, as well as commercial deposits.

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Insider Buying and Selling by Quarter for Byline Bancorp (NYSE:BY)

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